Due to the limited inventory on the market, listings seem to be flying off the shelf – especially within a certain pricing bracket.
With the spring home buying season upon us, we are expecting the market to become competitive. Based upon research conducted, when it comes to these competitive markets, both buyers and sellers had wished they had prepared a lot sooner.
Over 13,000 people were surveyed and it was found that sellers regretted not preparing their home for selling and buyers regretted not starting their property search sooner.
Zillow Groups chief marketing officer, Jeremy Wacksman, stated that “this spring, both buyers and sellers should be prepared for fast-moving sales, intense negotiations, and even bidding wars.”
Here are a few important tops for home buyers:
- Keep options open
- Have a realistic budget
- Arrange a mortgage in advance
Overall, whether you are selling or purchasing, choosing a good real estate agent is important.